Publications of the FoundationTowards a decarbonised and competitive Europe
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  • With its Competitiveness Compass and the Clean Industrial Deal, the European Union (EU) has started to shape its new indusrial policy. These initiatives are inspired by Mario Draghi’s proposal for a joint decarbonisation and competitiveness plan to capitalise on the decarbonisation push. Given the heterogeneous production structure and capabilities of EU member states, such a plan presents different challenges and opportunities for different countries. It would require huge investments and profound structural change for the countries still dependent on fossil fuels and carbon-intensive industries. For the countries that produce clean technologies, the plan will enhance their incentives and abilities to further expand innovation and production. Implementing such a joint plan accross the EU therefore needs clear priorities and a considerable coordination effort in order to balance the different dynanimcs and making the plan work as intended.